The New Regionalism: Causes and Consequences
AbstractWe address three themes on the New Regionalism. First, the prominent analogy to a “spaghetti bowl” of economic integration agreements (EIAs) should be replaced by reference to a « market » for EIAs. We suggest a systematic economic framework for analyzing « competitive liberalization » of governments in a static, long-run context. Second, we address why ex post measurements of the average (treatment) effects of EIAs on trade seem so « small ». Third, after addressing evidence for long-run determinants of competitive liberalization, we discuss how one might conceptualize the process by which governments select into EIAs over time, that is, the growth of regionalism.
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Bibliographic InfoArticle provided by CEPII research center in its journal Economie Internationale.
Volume (Year): (2007)
Issue (Month): 109 ()
Trade; gravity equation; Free Trade Agreements; international trade; gravity model; international trade models and databases;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
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- Chen, Maggie Xiaoyang & Joshi, Sumit, 2010.
"Third-country effects on the formation of free trade agreements,"
Journal of International Economics,
Elsevier, vol. 82(2), pages 238-248, November.
- Chen, Maggie & Joshi, Sumit, 2010. "Third-Country Effects on the Formation of Free Trade Agreements," MPRA Paper 23507, University Library of Munich, Germany.
- Maggie Xiaoyang Chen & Sumit Joshi, 2010. "Third-Country Effects on the Formation of Free Trade Agreements," Working Papers 2008-16, The George Washington University, Institute for International Economic Policy.
- Richard Baldwin & Dany Jaimovich, 2009.
"Are Free Trade Agreements Contagious?,"
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gd09-057, Institute of Economic Research, Hitotsubashi University.
- Baldwin, Richard & Jaimovich, Dany, 2009. "Are Free Trade Agreements Contagious?," CCES Discussion Paper Series 12, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
- Baldwin, Richard & Jaimovich, Dany, 2010. "Are Free Trade Agreements Contagious?," CEPR Discussion Papers 7904, C.E.P.R. Discussion Papers.
- Richard Baldwin & Dany Jaimovich, 2010. "Are Free Trade Agreements Contagious?," NBER Working Papers 16084, National Bureau of Economic Research, Inc.
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